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Quick Take Standard Crypto led the fundraising, with further support from a16z crypto, Electric Capital, Creditcoin, Lvna Capital, Protagonist, Franklin Templeton Digital Assets and other investors. The Walrus Foundation oversees the growth and development of Walrus, a Sui-based decentralized data storage platform initially developed by Mysten Labs.
Quick Take Canary Capital filed for that ETF in a registration statement to the SEC posted on Thursday. Firms have been looking to get the SEC’s sign-off for several different types of crypto ETFs ranging from ones tracking SOL and XRP to DOGE — and now Pengu.
Quick Take President Trump, due to show at 10:40 a.m. ET, appeared on screen at the conference at 11 a.m. ET. to repeat actions he has made in a move to bolster crypto, while bashing former President Joe Biden. Trump has been embraced by many in the crypto industry for his friendlier approach to digital assets than the previous Biden administration.
Quick Take The Open Network Foundation, or TON Foundation, said a group of VCs including Sequoia Capital, Ribbit, Benchmark and Kingsway invested over $400 million buying the Toncoin cryptocurrency. TON is the blockchain used to power the growing number of mini apps that function within the Telegram’s messaging app ecosystem.
Quick Take BlackRock’s head of digital assets spoke about the potential benefits of allowing staking for spot Ethereum ETFs, which by some estimations, have underperformed in terms of attracting investors. Meanwhile, NYSE Arca filed a proposed rule change that would pave the way for permitting Bitwise’s ether ETF to earn yield from staking the cryptocurrency.
- 10:50CME FedWatch: Probability of a 25 Basis Point Rate Cut in June is Only 2.6%According to CME "FedWatch" data, with 10 days remaining until the next FOMC meeting, the probability of a 25 basis point rate cut in June is 2.6%, and the probability of maintaining the current rate is 97.4%. The probability of the Fed maintaining the rate unchanged until July is 83.3%, with a cumulative 25 basis point rate cut probability of 16.3%, and a cumulative 50 basis point rate cut probability of 0.4%.
- 10:50Crypto market sentiment rises from "neutral" to "greed", today's Fear and Greed Index at 62According to Alternative data, today's cryptocurrency Fear and Greed Index is 62, up from 52 yesterday, with market sentiment rising from "neutral" to "greedy". Note: The Fear Index threshold is 0-100, including indicators: volatility (25%) + market trading volume (25%) + social media popularity (15%) + market surveys (15%) + Bitcoin's proportion in the entire market (10%) + Google keyword analysis (10%).
- 10:50OpenEden CEO: Beware of the "Too Big to Fail" Concept, RWA Tokenization Requires Prioritizing Risk AssessmentOpenEden founder and CEO Jeremy Ng stated that the industry should remain highly vigilant against the "too big to fail" concept. Jeremy Ng drew a parallel with the Lehman Brothers collapse, pointing out that in the realm of Real World Asset (RWA) tokenization, risk assessment should be balanced with opportunities. He emphasized that even the largest institutions can fall, thus proper structural design and compliance are non-negotiable fundamental requirements.